. ♪ may the coming days ♪ going to take me away >> reporter: from hearing paul simon singing "me and julio down in the schoolyard." with the line about being on the cover of "newsweek." the point was, that was a place to be. only 52 times a year it really meant something. john donvan, abc news, washington. >> they're not going anywhere. kind of sad, huh. an iconic magazine. >> they really are. i collect actually magazines. i have several iconic "newsweek's" over the years, over the years. >> good for you, paula. >> founded in 1933, as "newsweek." sold for 10 cents, indispensable complement to newspaper reading, because it explains, expands, and clarifies. don't get your fingers dirty. >> wow. there you go. $40 million in annual losses which is why, i guess they're going online. when we come back, hey, wow, look at that? >> that would have been enough -- >> like my workout regime. >> compensate for all the money lost. i like that. >> pretty good, huh? is that really you? >> absolutely. tattoo and everything. >> what is it of? >> i'll figure it out. give you the answer later. it's not